A fix and flip renovation project should be a profitable investment, but getting the RIGHT type of loan can be daunting. Here’s how LYNK Capital will help ensure that your project is properly funded and kept on track, so that you can focus less on funding and more on flipping.
Here’s a look at LYNK Capital’s Fix and Flip loan process:
When beginning the loan process, we’ll provide you with a list of documents we need to underwrite your loan request. When evaluating your loan, we will look closely at the following three areas:
- The quality and value of the property
- The scope of work and the experience of your contractor
- Your capability to manage the project through completion
We look at the whole picture, using common-sense underwriting principles to examine the character, experience, and capacity of each borrower, and have flexible documentation requirements to help you get started on your project quickly.
Our fix and flip loans can typically cover up to 90% of the purchase price of the property and up to 100% of the rehab and construction cost. We lend on condos, multi-unit, and single family properties.